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Hindustan Zinc Q1 profit rises 81% to Rs1,876 crore

LiveMint logoLiveMint 20-07-2017 Vishal Sridhar

Bengaluru: Hindustan Zinc Ltd, India’s biggest zinc miner, posted an 81% jump in quarterly profit on Thursday, boosted by higher income from zinc operations and an increase in the metal prices.

Net profit rose to Rs1,876 crore($291.16 million) in its fiscal first quarter ended 30 June from Rs1,037 crore a year earlier, the company, which is a unit of Vedanta Ltd, said.

Total income rose 61.2% to 5,543 crore, while income from zinc operations rose 97%.

LME zinc prices climbed about 31% in the year to June-end 2017. Reuters

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